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Partnership retirement
Accountancy
answered on 29-Nov-20 15:48
Why the existing goodwill has reversed by revised profit sharing ratio.while net profit has reversed by old profit sharing ratio
latest answer
To be revised means you have to give effect to the revision.
S.P. RAYAN
CA Inter
★ 3K+
4
534
Capital and revenue expenditure
Accountancy
answered on 29-Nov-20 07:40
Amount spent on making few more exits in a cinema hall to comply with government orders which expenditure is this capital or revenue? how?
latest answer
You will not be able to earn if you do not comply with govt orders.
Ram Shete
CA Inter
★ 2K+
3
781
Retirement of partner
Accountancy
answered on 12-Dec-20 17:12
What should be Accounting treatment for salary allowed to retired partner is to be brone by other partner?
latest answer
New.
Hrishikesh Ransing
CA Final
★ 4K+
4
497
Retirement of partner
Accountancy
answered on 28-Nov-20 23:00
How apporpriation of salaries and internet on partner's capital should be done in case of net loss in P&L A/c ?
latest answer
Get it thank you
Hrishikesh Ransing
CA Final
★ 4K+
3
521
Can i create acronyms like ANSP, ASP
Accountancy
answered on 28-Nov-20 18:48
(Ofcourse within brackets) so as to save time and space in such problems which require large particulars text? See attached for understanding what i mean
latest answer
Relief.
Kumarjit Dey
CA Inter
★ 4K+
2
503
Also provide solution to this question please
Accountancy
answered on 29-Nov-20 12:08
Having problem solving this good sum asked in IL's mock test. Can you kindly provide the solution?
latest answer
Image not appearing sir. What is PFA?
Kumarjit Dey
CA Inter
★ 4K+
2
547
Solution to this? (IL Mock test)
Accountancy
answered on 29-Nov-20 11:39
Is the answer to this Q, this? Closing rebate rs 70162 T/f to p/l Rs 168253
latest answer
Yes.
Kumarjit Dey
CA Inter
★ 4K+
1
520
Query w.r.t AS 4
Accountancy
answered on 28-Nov-20 11:33
A cashier embezzled cash amounting to Rs 700000 in April, 2020 This has to be adjusted in the books for year ended 31st March, 2019, as per solution. My question is, what was the existing condition as on 31st March, 2019? Is it that embezzlement is an ordinary activity and is expected to happen. Is this the condition?
latest answer
Welcome.
Kumarjit Dey
CA Inter
★ 4K+
8
530
AS 24
Accountancy
answered on 28-Nov-20 07:45
"If an initial disclosure event occurs between the balance sheet date and before approval of financial statements by the board of directors, disclose as required by AS 4." Sir AS 4 is not a disclosure standard. What does the above statement mean to say?
latest answer
AS-4 does have a disclousre requirement. If disclosure of events occurring after the balance sheet date in the report of the approving authority is required by paragraph 15 of this Standard, the following information should be provided: (a) the nature of the event; (b) an estimate of the financial effect, or a statement that such an estimate cannot be made
Kumarjit Dey
CA Inter
★ 4K+
1
486
Departmental
Accountancy
answered on 28-Nov-20 11:18
In dis working note 1555 is unrealised profit of dept b And 641 is of dept a? Am i right or is it vice-versa sir
latest answer
Yes
Shruthi V
CA Inter
★ 0
1
542